SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

SAIL inks pact with Japan’s Kobe Steel

11 Jul 2012 Evaluate

In a bid to set up a 500,000-tonne plant in West Bengal, state owned Steel Authority of India (SAIL) has entered into agreement with Japan's Kobe Steel. In this regard, the company will invest Rs 1,500 crore to produce a key steel making raw material.

The company, to produce nuggets, will use Kobe’s specialised technology (ITmK3) iron making technology mark three. The produced nuggets will be shared equally by the partners for captive use. ITmK3 technology has successfully replaced coal as an input material for iron making and is recognised for its low energy consumption and environment friendliness.

Kobe Steel is one of the well-known steel makers of Japan, which is the world’s second largest steel producing country. It is also one of the largest suppliers of alloy steels to Japanese automobile companies.

Earlier in March 2010, SAIL and Kobe Steel had signed a pact to conduct a joint feasibility study for exploring and commercialisation of ITmk3 technology developed by Kobe for production of iron nuggets used for steel production.

SAIL Share Price

173.50 1.95 (1.14%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Tata Steel 212.05
JSW Steel 1239.90
SAIL 173.50
Jindal Stainless 787.90
APL Apollo Tubes 2105.45
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×